FL H0631

Adds definition of "indirect owner" to identify multilayered ownership interests of 25% or more in corporations, partnerships, trusts, and limited liability companies.

Authorizes the Office of Financial Regulation to conduct joint or concurrent examinations with state or federal regulators and share examination results while maintaining confidentiality.

Establishes grace periods for license renewals with "failed to renew" status if licenses are not renewed by December 31 but are renewed before March 1, with nonrefundable reinstatement fees ($150 for loan originators, $250 for mortgage brokers, $475 for mortgage lenders, $225 for branch offices).

Repeals requirements for mortgage brokers and lenders to provide good faith estimates, adjustable rate mortgage disclosures, and material change notices to borrowers in mortgage loan transactions.

Repeals sections relating to arbitration of disputes, fair lending requirements, conditions for mortgage loans on vacant land, and disclosures required from mortgage brokers receiving loan origination fees; effective July 1, 2014.